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Commercial Property for Sale in Glenwood
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Established Student Accommodation in Umbilo
This student Accommodation houses 130 students from UKZN Westville & Edgewood campuses. The Accommodation is co ed and works on a 3 year contract accredited by NSFAS.
There is a mixture of 1, 2 and 3 sleeper rooms. Each unit has its own fridge, desks and cupboards. Each of the 3 floors has a common kitchen and bathroom.
There are 2 TV rooms, 3 Communal study rooms and 1 shared laundry room with communal wash lines. The building offers biometric access and has CCTV cameras in all common areas.
Total rental income is R510,078 per month. Total expenses is R56,774 per month. With a return on investment of 20%, don't miss out on this amazing investment opportunity.
Property Overview
Listing Number
113381436
Type of Property
Commercial Property
Street Address
Listing Date
28 September 2023
Erf Size
627 m²
Rates and Taxes
R 4 774
Zoning
General Business
Facilities
Office
Open plan study
Other
Laundry
Other Features
Security
24 hour manned complex security including burglar bars, guard house and security gates
Special Features
Flat roof
Points of Interest
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